Benefits of Brazil

Interesting article in that links Brazil’s econmic growth to China’s, whilst dodging the US credit crisis.

“There has probably never been a better time for a worker to find a good job in Brazil than at the moment. The economy is growing, shrugging off most of the fallout from the crisis in the United States, consumers are buying as if every week was Christmas, real pay is rising and millions have been moving up the social ladder into higher classes. Unemployment is virtually at a record low and jobs are plentiful.

“Social inequality and misery are still around but millions have been taken out of poverty or given a helping hand thanks to the economic boom and government social security programs. How much credit should President Luiz Inacio Lula da Silva take for this situation? Quite a lot but the truth is that Lula has had a lot of lucky breaks and he knows it.”